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The PNC Financial Services Group, Inc. Message Board

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  • dumsani79 dumsani79 Nov 16, 2012 3:18 PM Flag

    how will PNC make money

    My broker thinks buy and hold is the only way to go. A company could found guilty of selling nukes to Iran, lose a buck a share, and have to seek additional lines of credit and my broker would say, "Just wait and hold and hope you live long enough to see your money back!"

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    • you broker is a fool!................buy and holding has not worked for 15 years! Jim Snore is a farmer running a super regional bank! He wants a new building in PITT, not interested in profits for his shareholders, that shoul be obvious by now!! He's a #$%$!........they will lose every battle they take on...TERRIBLE CEO!!!! JUST STUPID!!

      • 1 Reply to sheepskinner6
      • Well, in fact, the only thing "foolish" about the broker is that he is reducing his commissions by not encouraging frequent trading. As an investment strategy, buying and holding a diversified balanced portfolio, with periodic rebalancing, is the only way to make money over the last 15 years, the last 10 years, or whatever time period you care to name.

        Short term trading and shorting is a way to maximize the broker's commissions while minimizing the investor's results.

 
PNC
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